Modified on : 6 May, 2018
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Budget 2018 Impact on Tax Liability Calculator

Calculate impact on Tax Liability of Resident Individual and HUF Assessees of the budget proposals for the Financial Year 2018-19 presented before Parliament on 1st February 2018 by Hon. Finance Minister Shri Arun Jaitley. Enter data in applicable unshaded cells

Budget 2018 Impact Calculator
Age and Status
Income from Salary
Income other than Salary Income (viz. Income from House Property, Business & Profession, Capital Gains and Other Sources)
Total Income from all sources
Amount of Transport Allowance
(Exempted upto ₹ 19,200/- in AY 2018-19)
Reimbursement of misc. medical expenditure
(Exempted upto ₹ 15,000/- in AY 2018-19)
Less: Deduction under 80C (Max. ₹ 1.5 Lacs)
Less: Section 80D for health Insurance for Sr. Citizen parents
(Changed from ₹ 30,000/- to ₹ 50,000/-)
Less: Section 80D for health Insurance
(Changed from ₹ 30,000/- to ₹ 50,000/-)
Less: Section 80DDB
(Changed from ₹ 60,000/- to ₹ 1 lac)
Less: Section 80DDB
(Changed from ₹ 80,000/- to ₹ 1 lac)
Less: Exempted Interest Income
(Changed from ₹ 10,000/- to ₹ 50,000)
Less: Any other Eligible deduction
Less: Standard Deduction
(Nil in AY 2018-19, Upto ₹ 40,000/- in AY 2019-20)
Transport Allowance
(Exempted upto ₹ 19,200/- in AY 2018-19, No exemption in AY 2019-20)
Reimbursement of misc. medical expenditure
(Exempted upto ₹ 15,000/- in AY 2018-19, No exemption in AY 2019-20)
Taxable Income
Income Tax
Surcharge
Health and Education Cess (Education Cess earlier)
( increased from 3% to 4% )
Total Tax liability
Impact on Tax liability

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